A number of factors are converging in Turkey — favorable demographics
(young, prospering and engaged), a developing risk-capital ecosystem, a
reverse brain transfer (Turkish talent returning home from abroad),
widespread mobile penetration, emerging Internet ecosystem and maturing
eCommerce sector, stable government, strong online and offline consumption
habits and more, making Turkey one of the most anticipated markets in the
The promise demonstrated by evolving sector dynamics and vastly changing
entrepreneurial conditions led last year to considerable hype with regards to
investing in Turkey. This enthusiasm in turn boosted a perception somewhat
in advance of reality, stimulating premature expectations.
Now it’s time, for all concerned to come back to Earth. Particularly in regard to
the eCommerce sector, and the hard work called for may be more mundane
than the glittering fanfare. Survival of the fittest is eliminating lagging players
and strengthening the entrepreneurial ecosystem. The young market is in fact
maturing, and early investors now have the kind of opportunity that comes
around only when a particular constellation of conditions prevail.
This report acknowledges and provides context for short-term caution
associated with emerging markets such as this. However, the overall findings
suggest substantial potential in the mid to long-term for the Turkish Internet
market to be a new growth region for entrepreneurs and investors alike.
For more information about this report or about GP Bullhound, please contact Cecilia Roman, Marketing Director, firstname.lastname@example.org
About GP Bullhound
GP Bullhound is a leading investment banking firm providing advice on mergers & acquisitions and institutional capital-raising to emerging growth companies in the Technology sector. The firm was established in 1999 and has a proven track record with over 100 completed M&A and Private Placement transactions on behalf of leading global entrepreneurs and business builders. The firm’s international team, comprised of some of the most experienced technology advisory professionals, together with its dedicated approach has helped establish its leading global position. GP Bullhound has strong domain expertise in the areas of Internet and Digital Media, Software and Services, CleanTech and Hardware, with a focus on providing pre-eminent advisory services to some of the best entrepreneurs, management teams and investors around the globe.